other material
confidence high
sentiment neutral
materiality 0.70
Grayscale Bitcoin Trust distributes 303.7M shares of Bitcoin Mini Trust; BTC begins trading
Grayscale Bitcoin Trust ETF
- Completed pro rata distribution of 303,690,100 shares of Grayscale Bitcoin Mini Trust to GBTC holders as of July 30 record date.
- GBTC contributed ~26,935.84 BTC (10% of its holdings) to the Mini Trust in exchange for the distributed shares.
- Grayscale Bitcoin Mini Trust shares began trading on NYSE Arca on July 31 under ticker 'BTC'.
- Distribution executed after market close on July 30, 2024.